Problem Calculating Value Area For Market Profile

goldorak · Post by **goldorak** » Mon Dec 06, 2004 5:33 pm

If I were you, I would perhaps consider two value areas and look for 70% around both pics. Just an idea like that... ;-)

opmtrader · Post by **opmtrader** » Mon Dec 06, 2004 5:56 pm

Thanks goldorak. That is my inclination. I'm going to do a more comprehensive exploration of all the plots to see if this condition is prevalent. If it is I will come up with some multiple peak recognition code. This project keeps getting pushed to the backburner as other things keep making their way to the forefront. I have a feeling it will not be all that profitable but we will see.

tptspecial · Post by **tptspecial** » Fri Nov 16, 2007 3:59 pm

Hello opmtrader,

I was asked by my "pit trader boss" to convert some of his old ideas using market profile. So i read up on it and quickly wrote the code to construct the market profile (in matlab of course). I immediately ran into the eact same problem that you describe here. Was the problem solved. Is it possible for you to share the code ??

Thanks,

tpt